susie-susie-susie

Is any of the work or fabrics you put into charity quilts tax deductable? I'm thinking about the groups who send you the fabric and patterns and you supply the labor.
Sue

mytwopals

Supplies are deductible, as to actual cost incurred. Labor is not deductible.

qbquilts

usually only supplies.
if you drive somewhere, you can take the mileage - see the directions on the schedule A.

susie-susie-susie

That's what I thought. Thanks.
Sue

amma

Postage should be deductable too :D:D:D

dakotamaid

Keep your receipts!

Ilovemydogs

What about fabric you have had for a while and you just used your stash to make a charity quilt. Can you count postage?

ckcowl

if they send you a kit - no you can not claim it on your taxes-

you can (as long as you save all receipts) deduct the cost of materials. you can not claim the market value of the item- or your time- that is considered-you volunteering your time- only actual cost of materials- and if you get audited you need your reciepts. it is a good idea to keep a good list of what you use and take pics of the items to go with your list- and receipts.

Jingle

I would check with a reliable CPA. You must fill out a long tax form to deduct anything.

qbquilts

It's not a long tax form, just the regular 1040, claiming itemized deductions on Schedule A. That's pretty standard for many people. If you already itemize (many who are paying on a mortgage do), then it's this form. It's in the same section where you list any charitable donations (cash or property) - such as church offerings or Goodwill donations. You would list it as "Kids Quilts Charity (whatever the name) and (for example) $50. In your backup documentation (receipts!!!!) you would need to have receipts for any materials used (fabric, thread, batting) as well as documentation for any mileage claimed (such as list of charity sew-in attendance and the mileage from your house to the location).